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EUREKA! I JUST FIGURED IT OUT! BANKS THINK THEY'RE SELLING RETAIL RATHER THAN RESALE.
 
I totally love Lenn Harley, Maryland & Virginia real estate Broker and blogger extraordinaire.  And she's totally nailed it again with the following article on banks and real estate.  Now if we only knew how she REALLY felt.   LOL

 
Inspired by an article by Scott Daniels this morning, I experienced a genuine EUREKA moment. 
Banks are not negotiators.  BANKS ARE DICTATORS. 
Banks do not consider the listings for their properties as "offered for sale".  They consider their property listings to be a menu of what's available and priced as is and the banks are not really interested in what a consumer believes that property to be worth to them, they home buyer. 
The thought that resale real estate has no "retail" price such as shoes in a shoe store or chairs in a furniture storeis anathema to banks. 
THE BANKS SAYS, THIS PROPERTIES IS. . . . $XXXXX.XX.. . . . . and the consumer is expected to write a contract for that amount with no conditions or contingencies.  Sort of like buying a pair of shoes. 
The banks actions and procedures are calculated to avoid risk on their part and create an atmosphere of submission on the part of the buyer. 
The price is ... more

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